Peru says goodbye to GDNs after clinching Euroclearable debut

Peruvian sol, LAtAm, Peru
By Oliver West
20 Jul 2017

South American sovereign Peru said it is unlikely to return to global depositary notes (GDNs) as a way of attracting international buyers into its local curve after selling its first ever Euroclearable Nuevo sol-denominated bond on Monday.

Peru raised Sl10bn ($3.08bn) of new 15 year domestic bonds, managing to sell 70% of the deal to non-resident investors. It racked up its largest ever order book for any international deal, and achieved what the ...

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